Synopsys Options Trading: Bearish Sentiment from Deep-Pocketed Investors

Synopsys SNPS has seen significant options activity, with 36% of investors leaning bullish and 47% bearish. The heavy investors are targeting a price range of $520.0 to $960.0 over the next three months. The volume and open interest for calls and puts have been tracked for the past 30 days, with 19 extraordinary options activities detected. Synopsys is a provider of electronic design automation software and intellectual property products, with its comprehensive portfolio benefiting from a convergence of semiconductor companies moving up the stack of technologies and systems companies moving down-stack toward in-house chip design.

Synopsys (SNPS) has experienced significant options activity, with 36% of investors leaning bullish and 47% bearish. The heavy investors are targeting a price range of $520.0 to $960.0 over the next three months. The volume and open interest for calls and puts have been tracked for the past 30 days, with 19 extraordinary options activities detected.

Synopsys is a provider of electronic design automation software and intellectual property products, with its comprehensive portfolio benefiting from a convergence of semiconductor companies moving up the stack of technologies and systems companies moving down-stack toward in-house chip design.

Technical Analysis Insights:
Synopsys’s Moving Averages Convergence Divergence (MACD) indicator is 14.24, suggesting Synopsys is a Buy [1]. The 20-Day and 50-Day exponential moving averages (EMA) are 611.53 and 574.90, respectively, while the share price is $612.79, indicating a Buy signal. However, the 10-Day EMA is 619.02, suggesting a Sell signal. The 100-Day and 200-Day EMAs are 540.28 and 508.15, respectively, also indicating a Buy signal. The Relative Strength Index (RSI) is 54.48, creating a Neutral signal, while the Price Rate of Change (ROC) is -5.05, indicating a Sell signal [1].

Market Performance:
Synopsys closed the most recent trading day at $625.33, moving +1.2% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.01% [2]. Over the past month, Synopsys had gained 5.67%, outpacing the Computer and Technology sector's gain of 4.93% and the S&P 500's gain of 3.47% [2].

Fundamentals:
Synopsys is expected to report earnings of $15.09 per share and revenue of $6.77 billion for the full year, representing changes of +14.32% and +8.03% from the preceding year [2]. The company's Zacks Rank is currently #4 (Sell), with a Forward P/E ratio of 40.95 and a PEG ratio of 2.93 [2].

Options Activity:
The heavy investors are targeting a price range of $520.0 to $960.0 over the next three months, with 19 extraordinary options activities detected in the past 30 days [3].

References:
[1] https://www.tipranks.com/stocks/snps/technical-analysis
[2] https://finance.yahoo.com/news/synopsys-snps-rises-market-takes-214503662.html
[3] https://finance.yahoo.com/quote/SNPS/